MoneyQuest in Melbourne, Victoria, Australia | Loan service

MoneyQuest

Locality: Melbourne, Victoria, Australia

Phone: +61 414 344 957

Address: Suite 301, 75 Tulip Street 3192 Melbourne, VIC, Australia

Website: www.moneyquest.com.au/beaumaris

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• Financial service
• Loan service
• Mortgage brokers

25.01.2022 Hell yeah Last week we shared record-breaking news about our industry mortgage brokers wrote 60.1% of settled residential home loans in the three months to September 2020. But you know what? We could not have done it without you! So, THANK YOU Thank you to all our wonderful clients. Thank you for trusting us to assist in one of the most important decisions you will ever make

25.01.2022 How much can I borrow with a guaranteed home loan? "Expert Insights A guaranteed home loan is where a person (often a parent or sibling) will offer their property as security to help secure a loan. Some lenders will allow you to borrow 100 per cent of the value of the property with a guaranteed home loan. While this can be useful to help fund the loan, the lender will still need to assess your application so they are confident in your ability to make the repayments."

24.01.2022 It doesn't matter where my deposit comes from "Mortgage Myths If you receive an inheritance or other lump sum, though this can help with your deposit, many lenders also like to see evidence of regular savings to give them confidence you can manage money responsibly and therefore pay back the loan. As there are a lot of varying policies when it comes to assessing a deposit, contact us so we can advise who you will qualify with based on where your deposit has come from."

21.01.2022 2020 was a challenging year leaving an indelible mark on each of our lives. Impacting us in ways we couldn't even think of, having to adopt ways and means of living and working that were not a piece of cake to adapt to. But today, on the first day of the new year, we can only reflect on the things that 2020 taught us cherish each moment of life, not take it for granted, spend time with loved ones, expect the unexpected, overcome, and keep going despite being faced with extraordinary odds. Now' it's time to look forward to a brighter 2021.

21.01.2022 What is the comparison rate? "Expert insights Occasionally, loans can be advertised with a 'cheap rate', even though the true cost of the loan can be a lot more when factoring in associated fees and charges. As the name suggests, the comparison rate makes it easier to compare the true pricing of a loan because it shows a single percentage figure inclusive of the interest rate, fees & charges. That way, it is much easier to compare the pricing of loans from different lenders. As an example only, if a lender offered a loan with an interest rate of 3.79%, but had an annual fee of $500, redraw fee of $50 per occasions and a monthly service fee, then the 'comparison' rate could mean the 'real price' of the loan is equivalent to an interest rate of 3.98%."

19.01.2022 This time of the year is hectic for most, and something like refinancing your home loan is not at the top of the to-do list! We get it. But with the new year just over a week away, and we can finally say goodbye to 2020, looking at ways to save to be in a better financial position will be back on top of the list. When the time is right, refinancing your existing home loan is one way to potentially save thousands of dollars, yes thousands of dollars! ... What is refinancing It’s taking out a new loan to replace and pay off your existing loan. It aims to secure a better ongoing rate and save money. There are some great options available with interest rates at a historic low and lender cashback offers available. For more info on refinancing check out our latest blog https://www.moneyquest.com.au//when-is-the-best-time-to-r/

19.01.2022 Being pre-qualified means your loan is virtually guaranteed. "Mortgage Myths Lenders must issue an unconditional approval to be sure they will lend you the money. Pre-approved, or pre-qualified, gives you a strong indication of how much you will be able to borrow, and unconditional approval is where the lender has fully assessed and approved your application."

18.01.2022 Lenders keep secret files on my credit history "Mortgage Myths All lenders use a credit reporting system, which is also accessible by you if you visit https://www.mycreditfile.com.au/"

15.01.2022 What is capital gains tax? "Expert insights When it comes to property, Capital Gains Tax, or CGT, is a tax payable on the profit you make with a property. CGT is calculated by subtracting the cost involved in acquiring and holding an asset from the proceeds of the sale of the asset. Any gain made on the sale of a CGT asset is included in your assessable income in the financial year that you sell the asset.... CGT may apply to a home residence if the property is used for income-producing purposes or for the sale of an asset where a contract is involved, such as an investment property."

15.01.2022 When is the best time to refinance?? Something we get asked often, and with home loan interest rates at a historic low, it must be a good time. Right? Not necessarily so. Refinancing is about a whole lot more than just the interest rate There is no ‘one size fits all’ answer It’s dependent on your personal situation and what’s going on in the world around. Consider what you want to achieve it might be consolidation, improved flexibility, or simply a restructure to suit your lifestyle. Ultimately the best deal for you will balance out your personal needs with what the market can offer. To discuss your options, contact us, your experienced MoneyQuest finance specialists. With access to all the latest market information, we can save you valuable time and possibly a whole lot of money

14.01.2022 With the festive season knocking on our doors, we wanted to share a few ideas on how you can join in on the fun in a sustainable way! Check out our latest tips & inspo article https://www.moneyquest.com.au//festive-fun-the-sustainabl/

13.01.2022 OK, we are sure you have read that refinancing an existing home loan can help in so many ways. If you are thinking of refinancing, here are five things you need to consider: ONE: Interest rates, be mindful that these can fluctuate and are subject to change. TWO: Fees, refinancing comes at a price. Take a deep dive and fully understand the real cost of the change.... THREE: Lifestyle changes, whether you might face challenging circumstances such as loss of income or a job change. FOUR: Long-term plans, consider how long you plan to be in your property so that you can reap the financial benefits of the change. FIVE: Talk to a mortgage broker, have all your questions answered. Interest rates, cash-backs, grants, schemes, fees, stamp duty, the list goes on; they have the answers.

11.01.2022 From our family to yours...

11.01.2022 IMPORTANT ANNOUNCEMENT Attention Victorian Home Buyers - did you hear the great news?? Stamp Duty discounts until June 30, 2021 That’s right! At the state budget announcement earlier this week, the Victorian Government shared they would waive 50% of stamp duty costs on newly built or off-the-plan homes valued at up to $1 million Existing homes will be eligible for a 25% waiver. Another great reason to talk to your local MoneyQuest mortgage broker (us) to discuss turning your dream of home ownership into a reality

07.01.2022 Identify your 'one thing'!

06.01.2022 PROFESSIONAL (noun): a person engaged or qualified in a profession. Professionals such as lawyers, accountants, medical practitioners, chiropractors, optometrists, veterinarians, dental practitioners, physiotherapists. Is this you Or, are you in another professional role Well, did you know there are loan products designed with you in mind... No? Well, there is! What’s even better, there are specials, such as one lender currently waiving Lenders Mortgage Insurance premium...s for eligible professionals who have a loan to value ratio of up to 95%. Meaning you could possibly save thousands of dollars on LMI premium costs! Now, how much you could save depends on your circumstances, such as your profession, loan amount, and where your property is located, but we will take you through the finer detail. So, whether buying your first home, your next property or refinancing an existing loan, it’s definitely worth us having a chat, right?

06.01.2022 To RELOCATE or to RENOVATE, that is the question If you’re thinking of making a change to your living arrangements and confused about what to do, make sure you read this https://www.moneyquest.com.au//relocate-or-renovate-5-way/

05.01.2022 You read that right The mortgage broker channel has recorded its highest ever market share result with brokers settling 60.1 per cent of all residential home loans during the July September 2020 quarter, according to new data. The figures come in the latest data released by research group comparator, a CoreLogic business, which was commissioned by the Mortgage and Finance Association of Australia (MFAA). MFAA CEO Mike Felton said the result demonstrates the critical ro...le that brokers play in supporting their customers and the economy, and the impact they have made at a time when they were needed most. We couldn’t agree more! Source: Thanks to Annie Kane The Adviser, 26th November 2020 Read full article here http://ow.ly/vr4x50CvSHX

05.01.2022 Self-employed people automatically pay higher interest "Mortgage Myths If a self-employed applicant can provide all necessary documentation, they can qualify for the same loans as a PAYG person."

04.01.2022 What is an accelerated payment? "Expert Insights An accelerated payment allows you to pay off more of the loan than the minimum set out in the loan agreement, meaning it can help speed up how quickly you pay back your loan."

03.01.2022 What is a revert rate? "Expert insights Home loans with a fixed interest rate will return (revert) back to a standard variable rate at the end of the fixed period unless you decide to re-fix your loan. The revert rate is typically higher than the standard variable rate you could get from the same lender, which is why when reviewing your lending options, it is important to take a 'long-term' view of your options instead of just a 'for now' view, which might otherwise cost you a lot more in the long-term."